Board Building Experience

ForStartup Boards: Advanced

EntrepreneurshipStanford University

For Stanford University : Venture Lab 2012

What Worked Well

Get quality Board member

Talent attract talent, Your first Board member is important

Network Effect

Network effect happen here. When you have your first Board member. Reply of other invitation will flood in. Of course, it might depend on quality of your first Board member.

What did not workedWaiting for reply

too long

Law of average happen here. Don’t just send out one invitation and wait. You should send out subsequent invitation if you never get reply within reasonable period. The more invitation you send. There is more chance you get a positive reply

Send invitation to inactive member

If the person never login to venture-lab for too long. There is chances are he is not that passionate about participation.

THE END